Town of Ipswich

Personal Property is tangible property other than real estate such as machinery, livestock, furniture, pipelines, wires, poles, etc. Not limited to individuals, it includes property of partnerships, trusts, corporations, estates, etc. It is assessed tax separately from real estate, but is taxed at the same rate. The tax rate for Fiscal Year 2013 was set at $13.30 per thousand dollars of value. Personal Property is taxable in the municipality where it is situated on January first of that year. However, items not permanently situated such as construction equipment may be taxed in the town where the owner is an inhabitant on January first. For information on items that may be exempt from the personal property tax, please contact the Assessor’s Office.

Each year by March first taxpayers with taxable personal property must submit a true list of all non-exempt personal estate. Businesses must file a [PDF] State Tax Form 2 (Form of List). People with second homes must file a [PDF] State Tax Form 2HF (Form of List). These forms are available at the Assessor’s Office as well. A notice regarding these requirements is posted outside the Assessor’s Office at the beginning of each calendar year.

If a form is not filed with the Assessors by March first, the Assessors will have to estimate the value of your personal property. Abatement requests can not be considered without the filing by March first of the required form.

Personal Property is valued by replacement cost new, less depreciation, based on age and condition. The same tax rate that applies to the real estate tax bills is applied to the personal property tax bills. Personal property bills are mailed and due on the same schedule as the real estate tax bills. Bills are mailed out twice a year, two quarterly bills at a time. The Fiscal Year 2013 began on July 1, 2012, and runs through June 30, 2013. Bills are due on a quarterly basis. The first quarter was due on August 1, 2012, the second quarter was due on November 1, 2012. The third quarter and fourth quarter actual tax bills will be mailed no later than December 31, 2012, and are due February 1, 2013, third quarter, and May 1, 2013, fourth quarter.

If you disagree with the information on your actual tax bill, you may complete and submit the Application for Abatement [PDF] State Tax to the Assessor's Office within a specific time period. This form is also available in the Assessors Office. Abatement applications will be accepted only during the 30-day period prior to the third quarter bill due date of February 1, 2013. Abatement applications must be received in the Assessors Office not later than the close of business day on February 1, 2013, or bear a U.S. Postal mark of February 1, 2013 or prior. Late applications can not be acted upon by the Board of Assessors. These deadlines can not be extended or waived by the Assessors for any reason.

For further information, please contact the Assessor’s Office at (978) 356-6603.